#MarketPullback#Polygon$BNB $BTC The Philippine government has announced its decision to notarize documents using the Polygon blockchain, coinciding with a temporary outage of the network’s Heimdall v2 mainnet. Maria Francesca Montes Del Rosario, undersecretary at the Department of Budget and Management, shared this news via a Facebook post, highlighting the launch of a blockchain transparency initiative. She emphasized that blockchain technology can combat issues like AI-generated deepfakes and prevent document forgery. Paul Soliman, CEO of Bayanichain, the company facilitating this project, noted that the blockchain will enhance tracking of government budget documents, promoting transparency in public finance. The system will serve as a tamper-proof database for notary purposes, with budget documents being inscribed on the Polygon blockchain. Users can validate documents through a government website by searching or scanning QR codes linked to specific document codes. Meanwhile, the Polygon network's outage was attributed to a consensus bug but was resolved within a few hours, allowing operations to continue.
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